FCA REPORT ON MONEY LAUNDERING AND TERRORIST FINANCING IN THE E-MONEY SECTOR

DLA Piper on 7th November published a post about the thematic review published by the FCA on 3rd October, concerned with money laundering and terrorist financing in the e-money sector.  This review was conducted to better understand how electronic money institutions assess and mitigate money laundering-related risks.  It says that the findings of the Thematic Review were, in general, positive.  The article also said that the Thematic Review provides useful guidance, setting out examples of good and poor practice with regards to AML/CFT controls.

https://blogs.dlapiper.com/globalfinance/2018/11/07/fca-report-on-money-laundering-and-terrorist-financing-in-the-e-money-sector/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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